Phil Raises $10M in Series A Funding

Phil Inc., a San Francisco, CA-based end-to-end prescription management and delivery service connecting patients with local pharmacies, raised $10M in funding.

The round was led by Crosslink Capital with participation from Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital.

The company intends to use the funds to double internal staff by 2018 and for national expansion.

Led by Deepak Thomas, founder and CEO, Phil is an end-to-end prescription management service which, through its desktop website and mobile app, connects users with community-based pharmacies to eliminate the frustration that can be associated with the refill process. Its business model communicates with doctors, insurers and pharmacy staff to ensure efficient delivery of thousands of prescriptions across the country, directly to home.
The company works with dozens of partners and more than 8,000 doctors nationwide. In addition to establishing a recent partnership with Lemonaid Health, a telemedicine app, Phil plans to partner with more than 200 independently-owned pharmacies over the next 12 months.



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